Toast, Inc. (NYSE:TOST) reported better-than-expected second-quarter earnings on Tuesday.
The company posted quarterly earnings of 13 cents per share which beat the analyst consensus estimate of 11 cents per share. The company reported quarterly sales of $1.550 billion which beat the analyst consensus estimate of $1.521 billion.
“I’m proud of the team for delivering another strong quarter – we added a record 8,500 net new locations, recurring gross profit1 grew 35% year over year, and Adjusted EBITDA scaled to $161 million. Both our core U.S. restaurant business and our new market segments performed very well, with enterprise, international, and food and …